Money and South-South Cooperation

Frances Stewart

Chapter 9 in North-South and South-South, 1992, pp 225-246 from Palgrave Macmillan

Abstract: Abstract Monetary arrangements may sound technical and of subsidiary significance. The production and distribution of goods and services are what matter for the pattern of development. From this perspective it would appear that the important international arrangements are those that regulate flows of goods and services and of investment, technology and labour: trade agreements, and rules or codes of conduct concerning investment, technology and labour would appear to take precedence over monetary arrangements. The experience and achievements of South-South agreements seem to exemplify this view: there have been more, and more effective, agreements on trade and investment than on money, and where monetary arrangements have been undertaken they have, typically, been introduced as a supplement to trade arrangements.

Keywords: Central Bank; International Monetary Fund; World Country; International Liquidity; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1057/9780230375949_9

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